Government's clean growth strategy details plans to meet 2050 emissions target

UK to conduct next clean energy auctions worth GBP557m in 2019

UK to provide £557m funding for new renewable energy projects

The new strategy is claimed to ensure that the whole country can benefit from new technologies, jobs and businesses that are good for consumers, the environment and the economy.

"Clean Growth is at the heart of the Industrial Strategy, and the United Kingdom government is determined to unlock opportunities across the United Kingdom, while cutting carbon emissions as the world moves to towards a low carbon future".

Energy Institute CEO, Louise Kingham, said: "The strategy is really important for the UK's standing on the global climate change stage, as we look to the next round of United Nations talks hosted by Fiji in Bonn next month".

For the first time in a generation, the British government is leading the way on taking decisions on new nuclear, rolling out smart meters and investing in low carbon innovation. It's as big a change as the move from the age of steam to the age of oil and Britain is showing the way.

Low-carbon innovation is at the heart of the government's approach, climate change and industry minister Claire Perry said in a written statement to parliament.

He added: "By restating key commitments such as the £557 million for new offshore wind projects, providing new funding for electric vehicle charging infrastructure and innovative low carbon heat projects and setting out important consultations on energy efficiency, the Clean Growth Strategy is an important milestone that will improve business confidence and the credibility of the UK's climate targets".

The UK Government has set out its Clean Growth Strategy to boost national income and output whilst simultaneously cutting greenhouse gas emissions.

The £2.5 billion of existing government spending includes up to £505 million from the BEIS's Energy Innovation Program, which aims to accelerate the commercialization of innovative clean energy technologies and progresses. "Last month we saw a record 50% drop in the cost of offshore wind".

In a boon for carbon capture usage and storage (CCUS) technology proponents, the plan promises to invest £100m in "leading edge CCUS and industrial innovation to drive down costs", and to set up a CCUS Council in partnership with industry to help develop the option of deploying the technology at scale in the United Kingdom and to "maximise its industrial opportunity".

It follows the government's announcement yesterday that it will release a further £557m of support for less-established clean energy technologies such as offshire wind as it confirmed the next Contracts for Difference auction would take place in Spring 2019. The news on improving homes is a victory for owners, renters and landlords; and more money for off-shore wind - the cheapest form of generation - is great news.

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